merlinnn replied to the topic Advice Needed in the forum Help Needed! 9 years, 4 months ago
Well I’m confused now…
I have spoken to multiple people over the last few days all with various opinions, however one did seem to gel with me. A family friend mentioned I should ditch the unit idea and look for a normal house in the burbs, on a larger block with the option of carving it up later. A bit of digging around and I managed to find a…[Read more]
-
merlinnn replied to the topic Advice Needed in the forum Help Needed! 9 years, 4 months ago
By purchasing a small unit I thought it would be possible to purchase 2 x properties instead of 1?
The SMSF has been setup for two years now under a corporate trustee, predominantly share trading.
Again I thought buy a studio outright and start deriving an income stream of which will also help support the purchase of a conventional 2 bedroom…[Read more]
-
merlinnn replied to the topic Advice Needed in the forum Help Needed! 9 years, 4 months ago
I was looking to buy within the SMSF and yes most of the studio apartments are very small, hence I did not think finance was possible?
I guess my logic was to acquire 2 x properties ASAP as opposed to just financing one? Could I finance 2 properties with 120k?
-
merlinnn replied to the topic Advice Needed in the forum Help Needed! 9 years, 4 months ago
-
merlinnn started the topic Advice Needed in the forum Help Needed! 9 years, 4 months ago
Hi Everyone,
I’m new to the forum and am seeking some seasoned investors advice on my strategy.
A quick overview of my situation;
My wife and I currently run our own SMSF and are looking to purchase property as to diversify from the share market. We have about 120k in cash and my thoughts were to buy a small studio apartment outright as…[Read more]
-
merlinnn became a registered member 9 years, 4 months ago
Total Members: 158,308
